More and more over 55’s downsizing
‘Millions of homeowners over 55 are banking on raising money from their homes through downsizing to boost income in retirement’ according to a study by Saga.
We have more vendors and purchasers looking for a smaller property for various reasons;
- Raising cash for their pension
- Lower running costs and maintenance
- Raising cash to help their children get on the property ladder
- Less debt and less risk
- Empty nesters
There are plenty of advantages in moving to a smaller home, just think of how much more spare time you’ll have with less rooms to clean!
With a smaller property your household bills will be less, you can lower your mortgage payments, or pay it off altogether, even release some cash to go on a holiday of a lifetime.
Another positive in owning a smaller home is it can also stop those boomerang children from returning!
Whether you’re downsizing from a mansion, or a terrace, we can help find you the perfect property at www.spencersestateagents.co.uk
If you’re thinking of moving, why not call Spencers for a free valuation today on 0114 2683682.
Blog by Senior Negotiator Emily Kirkby